Traders Are Bullish Staffline Group Plc After Today’s Gap Up

 Traders Are Bullish Staffline Group Plc After Today's Gap Up

The stock of Staffline Group Plc (LON:STAF) gapped up by GBX 7.125 today and has GBX 942.74 target or 3.00% above today’s GBX 915.28 share price. The 6 months technical chart setup indicates low risk for the GBX 253.98M company. The gap was reported on Nov, 24 by Barchart.com. If the GBX 942.74 price target is reached, the company will be worth GBX 7.62 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock increased 0.58% or GBX 5.28 on November 24, hitting GBX 915.28. About 37,722 shares traded hands. Staffline Group Plc (LON:STAF) has declined 20.78% since April 27, 2016 and is downtrending. It has underperformed by 26.19% the S&P500.

Staffline Group Plc (LON:STAF) Ratings Coverage

Out of 5 analysts covering Staffline Recruitment Group PLC (LON:STAF), 4 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 80% are positive. Staffline Recruitment Group PLC has been the topic of 29 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was maintained by Liberum Capital with “Buy” on Tuesday, October 13. The rating was maintained by FinnCap with “Buy” on Thursday, June 2. The stock has “Buy” rating given by Berenberg on Tuesday, October 13. Panmure Gordon maintained the stock with “Buy” rating in Wednesday, January 27 report. On Friday, January 29 the stock rating was maintained by Liberum Capital with “Buy”. Liberum Capital upgraded Staffline Group Plc (LON:STAF) rating on Wednesday, January 27. Liberum Capital has “Buy” rating and GBX 1400 price target. Liberum Capital maintained Staffline Group Plc (LON:STAF) on Tuesday, September 29 with “Buy” rating. As per Friday, July 1, the company rating was downgraded by Berenberg. The firm has “Buy” rating given on Wednesday, August 3 by Liberum Capital. FinnCap maintained the shares of STAF in a report on Wednesday, January 6 with “Buy” rating.

More recent Staffline Group Plc (LON:STAF) news were published by: Fool.Co.Uk which released: “Will Tesco plc, Staffline Group plc and Connect Group plc’s UK focus prove to …” on July 05, 2016. Also Fool.Co.Uk published the news titled: “Are BHP Billiton plc, Staffline Group plc and SafeCharge International Group …” on May 23, 2016. Fool.Co.Uk‘s news article titled: “Is Staffline Group Plc A Better Buy Than Hays plc After A4e Deal?” with publication date: April 27, 2015 was also an interesting one.

Staffline Group plc is a holding company, which is engaged in the provision of recruitment and outsourced human resource services to industry and services in the welfare to work arena and skills training. The company has a market cap of 253.98 million GBP. The Firm has two divisions: Staffing Services, which includes the provision of temporary staff to customers, and PeoplePlus, which includes the provision of welfare to work and other training services. It has a 17.27 P/E ratio. The Company’s Staffing Services focuses on providing complete labor solutions in agriculture, food processing, manufacturing, e-retail, driving and the logistics sectors.

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